Investor Presentaiton
Financial Highlights
($ in millions, except data relating to per share amounts and shares outstanding)
2021
Amount
Per Share
2020
Amount
Per Share
Net investment income
Core net investment income (¹)
$19.78
$1.01
$21.99
$1.13
23.75
1.22
22.40
1.15
Net realized gain (loss) on investments
23.71
1.22
(10.13)
(0.52)
Loss on debt extinguishment
(0.54)
(0.03)
Provision for taxes on realized gain
on investments in taxable subsidiaries
Total realized income(2)
Distributions(3)
(2.96)
(0.15)
$40.53
$2.08
$11.86
$0.61
(22.22)
(1.14)
(22.40)
(1.15)
Net unrealized appreciation
(depreciation) on investments
(6.93)
(0.36)
8.56
0.44
Benefit (provision) for taxes on unrealized
depreciation (appreciation) on investments
0.51
0.03
(0.22)
(0.01)
Net increase in net assets resulting
from operations
Weighted average shares outstanding
$33.57
$1.72
$20.20
$1.04
19,489,750
19,471,500
1.
Core net investment income, as presented, excludes the impact of capital gains incentive fees and income taxes, the majority of which are excise taxes. The company believes presenting core net investment income and the related per share amount is a useful supplemental disclosure for analyzing its financial
performance. However, core net investment income is a non-U.S GAAP measure and should not be considered as a replacement for net investment income and other earnings measures presented in accordance with U.S GAAP. A reconciliation of net investment income in accordance with U.S GAAP to core net
investment income is presented in the company's March 1, 2022, press release available under Press Releases - Stellus Capital Management, LLC
2.
Total realized income is the sum of net investment income and net realized gains on investments, both U.S GAAP measures.
3.
In 2021, fourth quarter dividends were declared in the third quarter.
STELLUS 3
CAPITAL
INVESTMENT CORPORATION
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